Industry News
$6.7bn Plancorp hires compliance and legal executive
Sam Bojarski / Apr 10, 2025
The private equity-backed RIA has hired John Sastry as chief compliance and legal officer.
A large St. Louis RIA has brought on an executive to lead its compliance and legal functions.
Plancorp reported in a recent filing with the Securities and Exchange Commission (SEC) that John Sastry assumed the role of chief compliance and legal officer in February. The firm’s full-time chief financial officer Wes Garton was previously serving in the CCO role on an interim basis, according to archived website history from Plancorp.
When reached by email, Plancorp chief growth officer Derek Hartley declined to share further comment on Sastry’s hire.
Sastry joins Plancorp from a bank-affiliated RIA. His LinkedIn profile shows he was most recently managing director and CCO of Peoples Savings Wealth Management, the small RIA arm of a Missouri-based bank.
He has also worked stints as a registered advisor for TIAA-CREF’s RIA division and for Edward Jones, among other firms, according to the BrokerCheck database. Sastry spent about four years with Edward Jones starting in 2006.
Plancorp has told the...
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